We discuss the outperformance of EM assets in May, driven by a faster vaccination pace across EM countries. We discuss inflation & explain why it is likely to remain elevated in the US throughout the rest of the year, & why it won't be a big deal for EM.

Global Covid-19 cases declined and the vaccination gap between Emerging Markets (EM) and developed markets (DM) narrowed further.

Inflation is likely to remain high in 2021. The primary source of price pressures is the rebound in commodity prices after their sharp collapse last year.

The pace of vaccinations continues to accelerate fast in Emerging Markets (EM) as China is now responsible for more than half of the world’s vaccinations.

Edward Evans, Equity Portfolio Manager, discusses the outlook and opportunities within Emerging Markets Equities.

The global economy is re-opening with demand rising faster than supply, fuelling a temporary trade shock.

The number of coronavirus cases may have peaked worldwide last week.

Gustavo Medeiros, Deputy Head of Research, discusses various Emerging Markets themes. This week, we will go through the performance of EM asset prices year-to-date, discuss the latest manufacturing PMI surveys and finally discuss recent events in China.

Manufacturing purchasing managers’ indices (PMI) improved across most EM countries.

The Ecuadorian National Assembly approved the Law for the Defence of Dollarization.

China and the United States (US) agreed to collaborate in the fight against climate change.

The 2015 Paris Agreement introduced the legally binding goal of maintaining the average global temperature below the pre-industrial revolution average plus 2⁰ Celsius in order to avoid severe stress on natural and socioeconomic systems.

The International Monetary Fund (IMF) forecasts stronger global GDP growth at its spring meeting.

Chinese Fixed Income was one of the few safe haven markets amidst the turbulent interest rate environment in Q1 2021.

Peru is characterised by a pronounced and somewhat unusual dichotomy between deeply dysfunctional politics and generally strong economic performance.

A large containership blocked the Suez Canal last week, disrupting global trade.

Emerging Markets’ (EM) central banks adopted a more orthodox monetary policy stance with Brazil, Russia and Turkey hiking interest rates by a larger magnitude than expected by the consensus.

The International Monetary Fund published a guidance note in support of developing local currency bond markets across Emerging Markets.